‘Fraud caused the Great Depression and the current financial crisis, and the economy will never recover until fraud is prosecuted.Fraud is the business model adopted by the giant banks.
The Obama administration has made it official policy not to prosecute fraud. Indeed, the “watchdogs” in D.C. are so corrupt that they are as easily bribed as a policeman in a third world banana republic.
The mouthpieces in Wall Street and D.C. pretend that financial fraud (like Libor) is a “victimless crime“. But the World Bank notes that the financial crisis – you know, the one caused by financial fraud – has driven between 64 and 100 million people into destitution.’